It was fully anticipated that Connecticut-based Foxwoods Resort Casino and Mohegan Gaming & Entertainment would see their revenues suffer with the opening of MGM Springfield in neighboring Massachusetts, but now the first figures are in—both of the Native American tribe-owned casinos witnessed revenue falls of 10% in October.
Foxwoods reported October slot machine revenues of US$34.4 million for October, which represented a 10% year-on-year decline. Mohegan Sun reported slots revenues of US$42.6 million, which was also a 10% drop.
MGM Springfield opened its doors on August 24 in a location more easily accessible to many people in the US northeast.
The region’s gaming industry may become even more competitive next year if Wynn Resorts’ Encore Boston Harbor is granted a license for business.
All four companies are expected to seek an IR license in the Japanese market. (AGB Nippon)